POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned hereby constitutes, designates and appoints Janey Ahn, Benjamin Archibald, Ariana Cooper, Greg Daddario, Eugene Drozdetski, Noah Gellner, Brian Kindelan, Tricia Meyer and Howard Surloff of BlackRock, Inc., and Kenneth Burdon, George Ching, Tom DeCapo and Eric Requenez of Skadden, Arps, Slate, Meagher & Flom LLP as such person's true and lawful attorneys-in-fact and agents, each with full power of substitution and resubstitution and full power to act alone and without the other, for the undersigned and in the undersigned's name, place and stead, in any and all capacities, to execute, acknowledge, deliver and file any and all statements on Form ID (including, but not limited to, obtaining the Central Index Key ("CIK") and the CIK confirmation code ("CCC") from the Securities and Exchange Commission), Form 3, Form 4 and Form 5 and any successor forms adopted by the Securities and Exchange Commission, as may be required by the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940 and the rules thereunder, and requisite documents in connection with such statements, respecting each BlackRock closed-end investment company listed on Annex A hereto and as may be formed from time to time. This power of attorney supersedes any previous versions of same, and shall be valid from the date hereof until revoked by the undersigned, and shall be automatically revoked with respect to any attorney in the event that such attorney is no longer affiliated with Skadden, Arps, Slate, Meagher & Flom LLP or BlackRock, Inc. or its affiliates (as the case may be).
IN WITNESS WHEREOF, the undersigned has executed this instrument as of the day of November 20, 2012.
| | By: | /s/ Bob M. Shearer | |
| | | | |
| | Print: | Bob M. Shearer | |
Annex A
| 1. | BlackRock Alternatives Allocation FB Portfolio LLC | -- |
| 2. | BlackRock Alternatives Allocation FB TEI Portfolio LLC | -- |
| 3. | BlackRock Alternatives Allocation Master Portfolio LLC | - |
| 4. | BlackRock Alternatives Allocation Portfolio LLC | -- |
| 5. | BlackRock Alternatives Allocation TEI Portfolio LLC | -- |
| 6. | BlackRock Build America Bond Trust | BBN |
| 7. | BlackRock California Municipal 2018 Term Trust | BJZ |
| 8. | BlackRock California Municipal Income Trust | BFZ |
| 9. | BlackRock Core Bond Trust | BHK |
| 10. | BlackRock Corporate High Yield Fund, Inc. | COY |
| 11. | BlackRock Corporate High Yield Fund III, Inc. | CYE |
| 12. | BlackRock Corporate High Yield Fund V, Inc. | HYV |
| 13. | BlackRock Corporate High Yield Fund VI, Inc. | HYT |
| 14. | BlackRock Credit Allocation Income Trust I, Inc. | PSW |
| 15. | BlackRock Credit Allocation Income Trust II, Inc. | PSY |
| 16. | BlackRock Credit Allocation Income Trust III | BPP |
| 17. | BlackRock Credit Allocation Income Trust IV | BTZ |
| 18. | BlackRock Debt Strategies Fund, Inc. | DSU |
| 19. | BlackRock Defined Opportunity Credit Trust | BHL |
| 20. | BlackRock EcoSolutions Investment Trust | BQR |
| 21. | BlackRock Energy and Resources Trust | BGR |
| 22. | BlackRock Enhanced Capital and Income Fund, Inc. | CII |
| 23. | BlackRock Enhanced Equity Dividend Trust | BDJ |
| 24. | BlackRock Enhanced Government Fund, Inc. | EGF |
| 25. | BlackRock Fixed Income Value Opportunities | -- |
| 26. | BlackRock Floating Rate Income Strategies Fund, Inc. | FRA |
| 27. | BlackRock Floating Rate Income Trust | BGT |
| 28. | BlackRock Florida Municipal 2020 Term Trust | BFO |
| 29. | BlackRock Global Opportunities Equity Trust | BOE |
| 30. | BlackRock Health Sciences Trust | BME |
| 31. | BlackRock High Income Shares | HIS |
| 32. | BlackRock High Yield Trust | BHY |
| 33. | BlackRock Income Opportunity Trust, Inc. | BNA |
| 34. | BlackRock Income Trust, Inc. | BKT |
| 35. | BlackRock International Growth and Income Trust | BGY |
| 36. | BlackRock Investment Quality Municipal Trust, Inc. | BKN |
| 37. | BlackRock Limited Duration Income Trust | BLW |
| 38. | BlackRock Long-Term Municipal Advantage Trust | BTA |
| 39. | BlackRock Maryland Municipal Bond Trust | BZM |
| 40. | BlackRock Muni Intermediate Duration Fund, Inc. | MUI |
| 41. | BlackRock Muni New York Intermediate Duration Fund, Inc. | MNE |
| 42. | BlackRock MuniAssets Fund, Inc. | MUA |
| 43. | BlackRock Municipal 2018 Term Trust | BPK |
| 44. | BlackRock Municipal 2020 Term Trust | BKK |
| 45. | BlackRock Municipal Bond Investment Trust | BIE |
| 46. | BlackRock Municipal Bond Trust | BBK |
| 47. | BlackRock Municipal Income Investment Quality Trust | BAF |
| 48. | BlackRock Municipal Income Investment Trust | BBF |
| 49. | BlackRock Municipal Income Quality Trust | BYM |
| 50. | BlackRock Municipal Income Trust | I3FK |
| 51. | BlackRock Municipal Income Trust II | BLE |
